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Thu 12 May 2011, 10:03 TOPDWU - Deutsche Bank AG - Notice of expiry Waves
JSE
DEUT                                                                            
TOPDWU - Deutsche Bank AG - Notice of expiry Waves                              
Deutsche Bank AG                                                                
 (incorporated under the laws of the Federal Republic of Germany)               
acting through its London branch                                              
Notice of expiry WAVES                                                          
Please note the following WAVES have expired on 11 May 2011                     
JSE Code    ISIN Code           Cover       Strike      Call/Put                
Ratio       Level                                
TOPDWU     DE000DB6NOQ1        5000        31000       P                        
The Warrants are exercisable only in accordance with the terms and conditions   
as set in Deutsche Bank`s programme memorandum and relevant pricing supplement  
("the documents").                                                              
For further information contact:                                                
X-markets - Tel (011) 775-7236                                                  
or e-mail x-markets.za@db.com                                                   
Date: 12/05/2011 10:03:01 Produced by the JSE SENS Department.                  
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